Threshold
Crypto Overview
Project Overview
Threshold (T) is a merger between two previous projects - Keep Network and NuCypher - that launched in January 2022. The project focuses on providing decentralized threshold cryptography services on the Ethereum blockchain.
Intended Utility
Threshold aims to provide three main services: tBTC (a decentralized bridge for Bitcoin to Ethereum), random number generation, and private data access control. The T token serves as both a staking token for network security and a governance token for protocol decisions.
Actual Utility & Adoption
The primary use case currently active is tBTC v2, which allows users to move Bitcoin to Ethereum in a decentralized way. The platform has shown consistent development activity, with regular updates and improvements to its core infrastructure. The tBTC bridge has processed significant volume, demonstrating real-world utility.
Token Distribution & Governance
The token distribution resulted from a merger of two previous projects, with clear vesting schedules for team members and investors. The project maintains transparent governance processes where T token holders can participate in decision-making.
Revenue Model & Technology
The platform generates revenue through fees from its services, particularly the tBTC bridge. The underlying technology relies on threshold cryptography, which allows for secure, decentralized operations without any single point of failure. The staking mechanism does not involve interest-bearing components that would raise Islamic finance concerns.
Crypto Impact
To assign a comfort level investing in Threshold from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Threshold.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.